HomeMy WebLinkAbout20250533 26 Finley St Site Plan Parking Summary and Target Demographic Narrative 09222025r
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CRERTING COMNUNITY. SUPPORTING SUCCESS.
The Finley Apartments:
• 71 affordable units, up to 60% AMI (area median income)
• 2025 Saratoga County 60% AMI Income limits from HUD
■ 1-person household: $48,780 ($23.45/hour)
■ 2-person household: $55,740
■ 3-person household: $62,700
■ 4-person household: $75,240
• www.huduser.gov/portal/datasets/home-
datasets/files/HOME IncomeLmts State NY 2025.pdf
• Population to be housed:
■ 50% of apartments - income eligible community members
■ 50% of apartments - Supportive Housing for individuals diagnosed with a
psychiatric disability (mental illness)
• Examples of qualifying mental illness: Schizophrenia, Major Depressive
Disorder, anxiety disorders, Obsessive -Compulsive Disorder, Post -
Traumatic Stress Disorder, Bipolar Disorder
Neighborhood
➢ There are no other residential mental health programs in the neighborhood. The nearest one is
1.5 miles away on Circular Street.
➢ Most neighbor concerns have been regarding behaviors exhibited by street -homeless, or shelter -
homeless individuals.
➢ Supportive Housing is permanent, affordable housing combined with wrap -around services
• Key features: affordable rent with rental subsidy, support services, apartments integrated
into the community, focus on stability & recovery, does not require licensure to provide
services
➢ Noted Locations
• AIM Services: not mental health related; not low-income residents
o 9 residents, 42-78 years old, all non -ambulatory, with developmental/physical
disabilities
• Adelphi St. Shelter: not permanent housing, not mental health related
o Will permanently close as of 1/1/27 at the latest
• Proposed SOS building on Ballston Ave: not permanent housing, not mental health related
o Does not currently exist, and may never exist
• Code Blue (South Broadway): not permanent housing, not mental health related
o Not the permanent location; owner recently passed and the property is for sale
• Mental Health Clinic: non-residential support services
• Homebase: non-residential support services
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